POWERGRID if bounces from 163-164 level can be good option to make profit. Can be bought as a CE option and wait for 3/4 days for booking profit. 165 CE @ 3.5_4 range now.
Share is taking support of trend line and in attempt of breaking resistance level of ₹172.75 and if breaks than the price will try to break ₹188.75 levels. If it fall in next trading session the stock is likely to test the support level of ₹159.7 RSI on daily chart is neutral however the stock has given closing above previous close and with higher volume.
it took support @175(0.5gold num) and whenever it took support @175 went to 200rs , I have drawn barrel channels if it breaks 182.60 then go for buy above @183 targets updated in charts .power sectors doing very well. I have mentioned only bullish views and thanks for view my charts. please comment it on your view
Buy On Tuesday Market Open Any Price less than or Equivalent 188.80/-
NSE:POWERGRID 15% Contribute India Power Supply
Govt owned Company
Sales Growth (18.70%)
Profit Margin : 28.38%
Profit Growth : 18%
EPS : 18.4%
PE BAND : MINIMUM: 10.56 MAX : 14.77
Auditor : SK Mittal
MD : I S Jha
"Investment Idea "
POWERGRID CORP.
--> TODAY IN POWERGRID, MORE THAN 43% DELIVERY POSITIONS HAVE BEEN ADDED, MOREOVER THERE IS A SYMMETRICAL TRIANGLE PATTERN IS FORMING. SO, HERE I BEILIEVES THAT IT WILL BREAK THE UPPER LEVELS AND WILL FGO UP.
--> HEY GUYS IF YOU AGREE WITH MY VIEW THEN PLEASE LIKE AND FOLLOW, OTHERWISE PLEASE COMMENT AND HELP TO IMPROVE ME.
T HANKS FOR YOUR TIME..
